GREY:RNKLF - Post by User
Comment by
factRbeston Sep 12, 2018 8:57am
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Post# 28603281
RE:RE:RE:isten to the Kaiser Discovery Watch 5 to 7 dollars target
RE:RE:RE:isten to the Kaiser Discovery Watch 5 to 7 dollars targetkpkrew11 - (9/12/2018 8:48:43 AM) RE:RE:isten to the Kaiser Discovery Watch 5 to 7 dollars target Hi FactRBest. I am new to this stock and i am reading a lot about this company and management and past performance. I respect your views and opinions. However with the discovery being what it is, and assuming it is absolutely for real, then i ask myself whether it is even possible to screw this up. I realize there is a difference in "maximizing" shareholder value vs. simply an investment opportunity. The way i see it whether they sell the assets, spin out as a new entity, continue mining for profits, etc. -all choices lead to increased shareholder value. They might not maximize it but surely they will increase value. How can they screw this up ?
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No one know how much is in this one area.
Look at the map on the presentation, You will see HOF indentified on the map. This was the previous high grade visible gold found. Mind you it is nothing like they found this time.
Now look where this discovery is on the map. Now look at the depth difference.
They spent nearly three years and all the money they had and more.
So you ask can they screw this up.
Absolutely they can because they refuse to follow conventional proven methods.
Worse than that they refuse to admit they are wrong and change tactic.
UNDERSTAND THIS
The whole time they were losing 200-300 dollars on every ounce they were mining. They could have redirected the drills and started mining nickel.
They could mine nickel for 2 bucks a pound and sell it for 6 bucks a pound.
THEY REFUSED
I firmly believe their arrogance prevented them from saying "we were wrong let's fix this".
Watch for my next post
No commentary I will provide info and each person can evaluate it.